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Showing posts from January 20, 2013

Oxfam says world's rich could end poverty

Oxfam says world's rich could end | Jan 20th 2013 7:49 AM
The world's 100 richest people earned enough money last year to end world extreme poverty four times over, according to a new report released by international rights group and charity Oxfam.The $240 billion net income of the world's 100 richest billionaires would have ended poverty four times over, according to the London-based group's report released on Saturday.The group has called on world leaders to commit to reducing inequality to the levels it was at in 1990, and to curb income extremes on both sides of the spectrum.The release of the report was timed to coincide with the holding of the World Economic Forum in Davos next week.The group says that the world's richest one percent have seen their income increase by 60 percent in the last 20 years, with the latest world financial crisis only serving to hasten, rather than hinder, the process."We sometimes talk about the 'have-no…

Half of world food output is wasted while half the world’s population is malnourished

Half of world food output is wasted while half the world's population is | Jan 12th 2013
It is the excesses of the capitalist system together with failed government agricultural policies mixed with a wasteful and spendthrift society that has created this nasty cocktailHalf of food produced in the world is wasted, according to a recent report: Global Food – Waste Not, Want Not. This is shamefully shocking in its own right but when half the world's population goes to sleep each night malnourished it is obscene. Add to this that fact that obesity is rapidly growing in the western world, particularly among children, while 6 million children in the developing world die annually from malnourishment and it is a damning indictment of capitalism – the dominant ideology and economic system that has governed much of the world for the last two centuries.The rampages of globalisation has given monopsony buying power to a few massive western multinational enterprises,…